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the iphone's not selling well in china. something i heard today. we heard they don't have the same carrier sponsors. samsung is loved over there. that means numbers may come down again. why not take them down, do it simultaneously with taking the price target down, particularly one that's become an absurdity in the high 700s. that's exactly what one analyst did today, cut the price target and the numbers, which were too high. and that frightened people. my take on apple, i am not dogmatic, people, but i'll give you my story. my charitable trust owned it for a long time. one of our longest held positions. we did some selling about 90 points ago. why? because the stock had gone up so much that we had become the apple fund. so we took some profits. i confess to also being worried that the company lacks any new omg products and that could dim the company's long-term prospects. but we're holding on to the rest of our position in the trust because i think apple's a good investment that's inexpensive, even after the analyst numbers we got today. can't tra
the iphone's not selling well in china. something i heard today. we heard they don't have the same carrier sponsors. samsung is loved over there. that means numbers may come down again. why not take them down, do it simultaneously with taking the price target down, particularly one that's become an absurdity in the high 700s. that's exactly what one analyst did today, cut the price target and the numbers, which were too high. and that frightened people. my take on apple, i am not dogmatic,...
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china is overwhelmingly coal fired. they get another $5 million a year or so from trading in the space. what i would expect to see is some increasing of their mining revenues. >> two parts. the actual stock and the trade. >> i have no view on the stock. the fundamental picture that's set up in the relativeness to the shanghai i think is very interesting. i like the trade structure. if you're prepared to get along at 24, going to take some margin. >> it is. this is a trade that really gets the math working for you because you're short that put. if you're willing to buy the stock down there, it's a great way, no cost. nothing out-of-pocket to do that. >> one more time on the stocks verses options button. want to buy peabody, convinced it's a good china play? $28 a share. in mike's option, mike could be forced to buy it at $24 or about a 14% discount. we'll see carter later on in the show. got a question out there, send us a tweet at cnbc options. we'll answer it right after the show on our new website. yes, options action
china is overwhelmingly coal fired. they get another $5 million a year or so from trading in the space. what i would expect to see is some increasing of their mining revenues. >> two parts. the actual stock and the trade. >> i have no view on the stock. the fundamental picture that's set up in the relativeness to the shanghai i think is very interesting. i like the trade structure. if you're prepared to get along at 24, going to take some margin. >> it is. this is a trade that...
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you can't get your hands on guns in china but it's happening with knives and axes in schools. there's not really much you can do. columbine had an armed guard. virginia tech has an armed police presence. it's not the answer. i think it's just identifying these people and somehow stepping in before this happens. >> blake, let me ask you this -- mark opens the door about security and armed guards and so forth. my sister-in-law, bless her, down in virginia beach, is a schoolteacher. she called my wife this afternoon to relay a story about security in some of the inner city schools in that area. let me read you what she said. somebody comes into the school, they have to get buzzed in. this guy got buzzed in. we don't know yet why, how, when and where. but he got buzzed in. the buzzer goes off and sets an alert. follow me on this. somebody buzzes in. maybe they go through a window. teachers start a drill. the kids are put into a corner. listen to this. shades are pulled down, lights are then flicked off to leave the impression to a potential killer that nobody's in the classroom. n
you can't get your hands on guns in china but it's happening with knives and axes in schools. there's not really much you can do. columbine had an armed guard. virginia tech has an armed police presence. it's not the answer. i think it's just identifying these people and somehow stepping in before this happens. >> blake, let me ask you this -- mark opens the door about security and armed guards and so forth. my sister-in-law, bless her, down in virginia beach, is a schoolteacher. she...
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china with a knife with 22 injured children. not dead. that's the difference. in the united states we have 9,000 people killed with guns last year in similar countries like germany, 170 and canada 150. there is a reason for that. >> what would you like to see in terms of specific gun control? >> there a number of pieces of legislation we have been pushing. no reasonable gun owner who is a sportsman can object to bans on assault weapons made only to kill as many human beings as possible like in a military situation. no one can object to a ban on the sale of large ammunition clips so you can't reload. no one can object to microstamping of card ridges to trace the murder weapon. no one can object to eliminating the gunshot exception so even if you buy a gun at a gun show, they still have to check your background to make sure they are not selling to someone on a terrorist watch list or mentally unstable person or a felon. those ares we should do. >> we had a heated debate on a previous incident. two things happened in 1996. athere w
china with a knife with 22 injured children. not dead. that's the difference. in the united states we have 9,000 people killed with guns last year in similar countries like germany, 170 and canada 150. there is a reason for that. >> what would you like to see in terms of specific gun control? >> there a number of pieces of legislation we have been pushing. no reasonable gun owner who is a sportsman can object to bans on assault weapons made only to kill as many human beings as...
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people say, how do we compete with china? we can have the entire world at our disposal and start businesses. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important with the budget deal going forward. we have to think about what our values are. we can spend money on infrastructure to make investments in the future rather than having short-term spending. support for basic research and for higher education, as drew talked about. tell us what is and we can plan around it with respect to health care costs and energy costs. then it businesses can create a renaissance of american competitiveness. >> i think that is a brilliant agenda. i don't think that has changed. let's assume we go through the fiscal cliff. immigration, investments. you are not going to do a dream act. we had a chance to do it. george bush, john mccain. maybe the republ
people say, how do we compete with china? we can have the entire world at our disposal and start businesses. then we have to focus on tax and the corporate tax reform to get a system that is simpler and makes it easier for businesses to compete in the world. that will be enormous. there is an infrastructure investment that needs to be made. this is important with the budget deal going forward. we have to think about what our values are. we can spend money on infrastructure to make investments...
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. >> it's a nixon-to-china thing. >> right. it's a different sensibility and -- >> confidence about that. >> right. again, i think we as democrats need to be very careful to think this is over with latinos. it's not. i think the playing surface is a beneficial one to the democrats right now and i think there's plenty of work. >> sorry. >> but the work needs to continue to solidify that. they -- this is an electorate that is too diverse. there's generational change happening in it. you need to stay engaged. you need to -- you know, those 800,000 to a million hispanics who are aging into the electorate need to be reached out to, need to be cultivated, need to be worked, you know, quite frankly, by both parties. i'm hoping the republicans won't. [laughter] as a partisan. and then there is this question and i don't know -- i don't think the research has been done yet and roberto can correct me if i'm wrong here, in terms of this kind of millennial question. >> yes. >> the latino electorate is young and getting younger, and the ques
. >> it's a nixon-to-china thing. >> right. it's a different sensibility and -- >> confidence about that. >> right. again, i think we as democrats need to be very careful to think this is over with latinos. it's not. i think the playing surface is a beneficial one to the democrats right now and i think there's plenty of work. >> sorry. >> but the work needs to continue to solidify that. they -- this is an electorate that is too diverse. there's generational...
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final thing on china. in tween, we, the united states, held human rights talks with china. this puzzled me greatly. we're a liberal democracy. they are a one party dictatorship. we had human rights talking with them, and afterwards or after one session, the press had question or our guy, assistant secretary of state, i think, michael posner, assistant secretary of state for democracy or something like that, and the press said, mind you, talking with the chie need communists who torture tibetans every day. did the arizona immigration law come up? if it did, did you bring it up, or did they? poser said, we did, early and often to show that we, too, have problems in our society. this is what we used to call in the bad days, moral e qif lance. it's not gone. final remarks. did you see this video the other day that a professor at montclair state university in new jersey denying that the soviet union ever killed nebraska? he wrote a book called "crus chef lied," and lied in the speech. you know, he didn't own up to much in the secret speech, but it was a block buster speech, but
final thing on china. in tween, we, the united states, held human rights talks with china. this puzzled me greatly. we're a liberal democracy. they are a one party dictatorship. we had human rights talking with them, and afterwards or after one session, the press had question or our guy, assistant secretary of state, i think, michael posner, assistant secretary of state for democracy or something like that, and the press said, mind you, talking with the chie need communists who torture tibetans...
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it is very interesting that president obama's says we should be more like china. well, china produces 70 percent of its electricity from coal and less than 2% from renewals. they are making these solar panels and wind turbines, exporting them to us for our use so our electricity becomes more expensive and then manufacturing because of the price of electricity here because over to china. it is very smart of these chinese, and it is completely legal. it is not as though they are engaging in anything under hand, and we are doing this to ourselves. a need to use our own resources, focus on the benefits of inexpensive energy. >> diana, you mentioned exports before and the possibility for exports. we had a project of the power and growth initiative, which you are aware of, of course, predicated on the idea that america can be what we call the new middle east. wonder if you can talk a little bit about why you feel that exports of energy, natural gas, well, actually is practical at this point? >> so, "we used to import, we imported a lot of natural gas. what is really int
it is very interesting that president obama's says we should be more like china. well, china produces 70 percent of its electricity from coal and less than 2% from renewals. they are making these solar panels and wind turbines, exporting them to us for our use so our electricity becomes more expensive and then manufacturing because of the price of electricity here because over to china. it is very smart of these chinese, and it is completely legal. it is not as though they are engaging in...
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with that said, and while i appreciate, greatly appreciate the suggestion and others to china and on behalf of this, i don't think it is incredibly lightly and will begin to nod. if asked, of course i would serve again. >> host: good afternoon. >> caller: thank you so much for taking my call. i would like you to name names. who are these criminals and how can we get them into prison? >> guest: well, unfortunately, we are running at a time. there is a five-year statute of limitations for most of the activity that would have led up to the financial crisis, so it is now late 2012, which means that anything, any criminal conduct that occurred before november 2007 is now barred by the statute of limitations. i think that fortunately we have run and the time to bring those types of cases. now, of course i can't say this person is a colonel and dispersed as a criminal. and get sued for that because ultimately the department of justice has decided not to pursue those cases, but when you look at some of the investigations, the information that came on the investigations, it certainly suggests
with that said, and while i appreciate, greatly appreciate the suggestion and others to china and on behalf of this, i don't think it is incredibly lightly and will begin to nod. if asked, of course i would serve again. >> host: good afternoon. >> caller: thank you so much for taking my call. i would like you to name names. who are these criminals and how can we get them into prison? >> guest: well, unfortunately, we are running at a time. there is a five-year statute of...
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in china mao tse tung's people's liberation army and shanghai check's nationalist forces on the run the following year, the communists would assume command of the world's most populous nation. 1950 was a particularly eventful year. in january scientists called fuchs surrendered to british authorities admitting he was a nuclear spy the same month a halter hiss was convicted of perjury. the statute of limitations on espionage have inspired and he was sent to jail. in may, the fbi arrested harry gold who identified julius and ethel rosenberg as conspirators in a plot to give nuclear secrets to moscow. in june, north korea invaded south korea and presented the u.s. with a choice, turn back the invasion or allow the communists to secure a key piece on the chessboard of asia. in 1952 whitaker chambers published "witness". which argued that the united states faced a transcendent, not a transitory crisis, was not one of politics or economics but of faith, and secular liberalism, a watered-down version, no wonder the liberals have never forgiven chambers nor have they been neighbor able to forgi
in china mao tse tung's people's liberation army and shanghai check's nationalist forces on the run the following year, the communists would assume command of the world's most populous nation. 1950 was a particularly eventful year. in january scientists called fuchs surrendered to british authorities admitting he was a nuclear spy the same month a halter hiss was convicted of perjury. the statute of limitations on espionage have inspired and he was sent to jail. in may, the fbi arrested harry...
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i was in china not long ago i sat with the head of the company that's the biggest solar company in china. 25% of chinese get their domestic hot water off their roof when they take a shower, 250 million chinese, it's coming from the roof compared to one percent of americans. not because we don't know how to do this. wang ming showed me in his museum. one of his prized possessions an old solar panel that jimmy carter put up in 1979. ronald reagan took them down for manlier forms of energy. that's a perfect demonstration that it's not engineering that we lack but political will. >> thank you for your leadership and example and hopefully all of us will heed that example. >> thank you gavin very much. >> as bill said the earth is loaded with plenty of good energy. we just need to change our behaviors. philanthropist wendy schmidt is trying to help us identify exactly what that means. plan
i was in china not long ago i sat with the head of the company that's the biggest solar company in china. 25% of chinese get their domestic hot water off their roof when they take a shower, 250 million chinese, it's coming from the roof compared to one percent of americans. not because we don't know how to do this. wang ming showed me in his museum. one of his prized possessions an old solar panel that jimmy carter put up in 1979. ronald reagan took them down for manlier forms of energy. that's...
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crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it is great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this process or whatever you want to call it -- but telling speaker boehner that all he really
crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said the same...
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shares of apple got a one-two punch today. iphone 58 debuted in china but to tepid demand. ubs also lowered its price target on apple's stock to 700 bucks down from 780 bucks. >>> what goes up must come down. best buy's shares soared yesterday. its founder was offering up to $6 billion to ke it private but best buy says it has prolonged the time frame for an offer until after the holiday season. shares tumbled more than 14%. >>> on to our top story the senate will vote on a $64 billion aid package for superstorm sandy on monday but the cbo says, nine approximately, just nine billion of that spending will be spent overthe next year. to top it off, a ton of the cash is earmarked for long-term infrastructure spending. wi the fiscal cliff looming, the nation's finances already stretched thin, do we really need another pork-laced spending bill? here with more is steve ellis, vice president of taxpayers for common sense. appreciate you being with us in new york city tonight. for instance some of the spending in this pork-ladened bill would provide one millio dollars for trees in
shares of apple got a one-two punch today. iphone 58 debuted in china but to tepid demand. ubs also lowered its price target on apple's stock to 700 bucks down from 780 bucks. >>> what goes up must come down. best buy's shares soared yesterday. its founder was offering up to $6 billion to ke it private but best buy says it has prolonged the time frame for an offer until after the holiday season. shares tumbled more than 14%. >>> on to our top story the senate will vote on a...
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east china sea. it's just one of a number of pressing concerns on the foreign policy front. nhk world brings us up to speed. >> reporter: chinese hit the streets in force in september, furious about their neighbors. they protested outside the japanese embassy, boycotted japanese goods, struck out at anything japanese. the root of their anger, the nationalization of islands in the east china sea. >> translator: the senkaku islands are japan's sovereign territory, this is a clear fact both historically and in light of international law. >> reporter: the japanese government bought the islands from a private owner. the thing is, china and taiwan claim them too. chinese leaders said nationalizing them is not acceptable. they've sent petrol ships into japanese waters around the islands, followed closely by japan coast guard crews. the new leadership declared china would build itself into a maritime power by safeguarding its interests. japan's next government will take up other disputes too. in august south
east china sea. it's just one of a number of pressing concerns on the foreign policy front. nhk world brings us up to speed. >> reporter: chinese hit the streets in force in september, furious about their neighbors. they protested outside the japanese embassy, boycotted japanese goods, struck out at anything japanese. the root of their anger, the nationalization of islands in the east china sea. >> translator: the senkaku islands are japan's sovereign territory, this is a clear fact...
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china is no exception. in his first major speech china's new leader xi jinping publicly acknowledged that the communist party leadership must put an end to this problem. recent protests across china say that the party leaders are the problem. and one blogger has found an effective way to expose corruption online. >> this collection of unspectacular pictures of government functionaries at official events seems hardly worth a glance. but a second look reveals details that have shocked people across china -- luxury wrist watches that sell for as much 60,000 euros. the upmarket timepieces are hardly affordable on a modest official's salary. everyone knows that -- which is why watches have become symbols of corruption and bribery. this activist has placed hundreds of similar photographs on the internet -- along with the price of the watches. he doesn't want to be recognized because he regularly receives threats from state security. >> i wanted to show these pictures to make people aware of the phenomenon so that
china is no exception. in his first major speech china's new leader xi jinping publicly acknowledged that the communist party leadership must put an end to this problem. recent protests across china say that the party leaders are the problem. and one blogger has found an effective way to expose corruption online. >> this collection of unspectacular pictures of government functionaries at official events seems hardly worth a glance. but a second look reveals details that have shocked...
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officials with china's foreign ministry said they made a legal claim based on the u.n. convention on the law of the sea. they argue their country's continental shelf extends to the senkaku islands. japan controls the islands. government leaders nationalized them earlier this year. if they approve the claim, the chinese will gain the right to develop resources in the sea bed. chinese foreign minister weighed in the communist newspaper, the people's daily, said they strongly oppose the nationalization of the islands. >>> voters will be heading to the polls on sunday for japan's first general election in three years. politicians have been trying to appeal to an undecided constituency, young people. the problem is many in their 20s simply aren't interested in voting. here's more. >> reporter: many young people seem less than enthused by the election. their feelings about it are couched in can'ts and don't and wants. >> translator: i don't think i will go to the polls. >> translator: i don't even know where the polling stations are. >> i don't know what to do to vote. >> tra
officials with china's foreign ministry said they made a legal claim based on the u.n. convention on the law of the sea. they argue their country's continental shelf extends to the senkaku islands. japan controls the islands. government leaders nationalized them earlier this year. if they approve the claim, the chinese will gain the right to develop resources in the sea bed. chinese foreign minister weighed in the communist newspaper, the people's daily, said they strongly oppose the...
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. >> tragedy in central china today. man wield ago knife wounded 22 children and one adult as they were ha! rifling for elementary school. 2 seriously hurt. no known motive. however a string of similar assaults killed more than a dozen school children in 2010 and wounded more than 50 in china. >>> in san mateo county police say the driver of car that hit and killed 3 people will be charged with vehicular manslaughter. horrible scene today as you can see. he is 82 years old. sky 7 hd was over the scene of the accident on interstate 280 interredwood city just mangled cars. according to the chp the victims were changing a tire in the center divide black volkswagen swerved that them all 3 died at the scene. the driver of the volkswagen was taken to the hospital again he will face charges. traffic was backed up for miles. >>> former san francisco school worker spend the rest of his life behind bars for raping 3 women last year. frederick dozer sentenced to 3 73 years to life and ordered to pay more than 250,000 dollars in res
. >> tragedy in central china today. man wield ago knife wounded 22 children and one adult as they were ha! rifling for elementary school. 2 seriously hurt. no known motive. however a string of similar assaults killed more than a dozen school children in 2010 and wounded more than 50 in china. >>> in san mateo county police say the driver of car that hit and killed 3 people will be charged with vehicular manslaughter. horrible scene today as you can see. he is 82 years old. sky 7...
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and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporte
and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it is a counter cyclical so it is stimulative...
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and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it i a coter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporter:
and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it i a coter cyclical so it is stimulative to...
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there has been a string of similar assaults against schoolchildren in china. one in 20-10 killed nearly 20 kids and wounded more than 50. they have very strict gun controls in china. 8:42 we are going to check in with jan wahl. >> that is what we are going to do it is a difficult time during this tragedy. but comedy can be something that will make us feel better and give us some health and life goes on. we will talk about the kosher comedy and how much fun it is during the comedy. stay tuned. o >> i love this favorite time for the jews. if a hanukkah menorah lots and ticking down and choosing the menorah and burning it home on my back. it is always the same trouble, getting that big cattle through the door. [laughter] >> even in a time of tragedy, we are looking for laughter. it is important and this is the kosher of comedy. it is a fantastic leap in the jewish evening in a chinese restaurant. you have seen just a little bit of li-sao who is a wonderful hostas and was put this together for 20 years. welcome for >> 20 years of economic believe it for >> what ha
there has been a string of similar assaults against schoolchildren in china. one in 20-10 killed nearly 20 kids and wounded more than 50. they have very strict gun controls in china. 8:42 we are going to check in with jan wahl. >> that is what we are going to do it is a difficult time during this tragedy. but comedy can be something that will make us feel better and give us some health and life goes on. we will talk about the kosher comedy and how much fun it is during the comedy. stay...
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of the 20 children in china who were stabbed, no fatalities. so it is not the end of viole e violence, and you can't walk around and end violence, but a common sense gun law that addresses the issues of the automatic weapons. i wanted to show quickly the president in the second presidential debate in town hall meeting was asked about gun control and he did say at this moment that he was thinking about the automatic weapons ban. take a quick listen. oh, sorry, maybe we don't have that at this point, but what he said is that what i'm trying to do is to get a broader conversation of how to reduce the violence generally and part of it is to get an assault ban row int introduced. ari, this seems where we could come together, an assault weapon s ban. >> well, it has declined with a ten-year sunset provision, and why a sunset provision? because things that are hard to get through congress regardless of which issue often are negotiated that way. that is why the bush p tax cuts expire and we debate over reviewing them, and mart of what the fiscal cliff
of the 20 children in china who were stabbed, no fatalities. so it is not the end of viole e violence, and you can't walk around and end violence, but a common sense gun law that addresses the issues of the automatic weapons. i wanted to show quickly the president in the second presidential debate in town hall meeting was asked about gun control and he did say at this moment that he was thinking about the automatic weapons ban. take a quick listen. oh, sorry, maybe we don't have that at this...
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i have been surprised to see the way the media has come here from china, from japan, from canada, from russia. when i first came on the scene i actually heard more people speaking foreign languages than i heard english. so this is something that people are struggling to understand. but of course, no more so than in this community that woke up this morning to a completely changed way of life. nobody ever obviously expects this to happen. but so close to christmas, so many people, considering this a time of celebration and the young, the young young people who were 20 of the victims here >> yes. and i think that is what has resonated throughout the world. you mention all the international reaction. i'm looking at a number of things to include, the most recent communique from the yemeni president to president obama expressing his condolences. so truly all corners of the world have been touched by this tragedy. chris jansing, many thanks. >> thanks, alex. >>> earlier this morning i spoke with monsignor robert weiss. he tells us what the parents's lives are like now. >> it's unimaginable, t
i have been surprised to see the way the media has come here from china, from japan, from canada, from russia. when i first came on the scene i actually heard more people speaking foreign languages than i heard english. so this is something that people are struggling to understand. but of course, no more so than in this community that woke up this morning to a completely changed way of life. nobody ever obviously expects this to happen. but so close to christmas, so many people, considering...
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lockner, just to make this point, 12 hours before this killing, this massacre took place was a man in china who went into an elementary school. maybe people saw it fleetingly on television. and he had a knife. he didn't have a gun. and he knifed 23 people. 22 of them children, at least at this point, at the time of broadcast, all survived. it was a knife. it wasn't a gun. >> right, right. >> gun control is the answer right now. >> right. >> you know, in the wake of columbine, schools did kind of take a look at what happened and made a series of recommendations that now are in place in most part of the country, that when a teacher learns of a plot, they immediately have to report it to somebody. they encourage children to do that. so there are a set of policies in place that perhaps have prevented these kinds of f factions from taking place. the problem you have among others, this is not a high school student. gerald lockner, not a high school student, once somebody leaves high school and goes to college or goes on with their life or they're depressed and potentially suicidal, there's less o
lockner, just to make this point, 12 hours before this killing, this massacre took place was a man in china who went into an elementary school. maybe people saw it fleetingly on television. and he had a knife. he didn't have a gun. and he knifed 23 people. 22 of them children, at least at this point, at the time of broadcast, all survived. it was a knife. it wasn't a gun. >> right, right. >> gun control is the answer right now. >> right. >> you know, in the wake of...
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what happens in price control is almost invariably distortion of the allocation of resources china has got big problems in its system of credit the government controls and commands that fixed interest rates and allocates credit especially to state owned enterprises hence the empty shopping malls indeed empty cities now it's not so very different from what we have in this country where the federal reserve is muscling around the yield curve and sitting on the funds rate and raising up asset prices in the name of some set of goals that it's thinks are desirable it is heavily in the business of price control and indeed heavily into the business of central planning gradually and by the agree we have come to have all too much in common with what we call red china and there you go we'll have to leave it there i really appreciate you being here today jim grant always a pleasure on the war on pleasure thank you so much. all right let's wrap up with viewer feedback because it's friday and we have had some hotly debated interviews this week and we've received so much feedback so we have some good
what happens in price control is almost invariably distortion of the allocation of resources china has got big problems in its system of credit the government controls and commands that fixed interest rates and allocates credit especially to state owned enterprises hence the empty shopping malls indeed empty cities now it's not so very different from what we have in this country where the federal reserve is muscling around the yield curve and sitting on the funds rate and raising up asset...
SFGTV2: San Francisco Government Television
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we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the united states' desire to maintain free access. the best way of avoiding that military conflict is what we should see because the military conflict with china would be catastrophic for both nations, indeed for the whole region. so, we want to avoid that. i believe the best way of avoiding that is by maintaining a -- continuing to maintain a strong naval presence in the region, and by having an unambiguous commitment to doing that. i believe that our new national security strategy is that unambiguous commitment, and i believe that the u.s. navy is capable of maintaining that unambiguous military strength. as we sit here this morning aboard the uss macon island, in san francisco bay, looking out to the pacific, it i
we observed that the south china sea is a potential source of energy supplies for china and that there is a contention among the nations in that region as to where the ownership and rights of access are to the south china sea. and this is conceivable that china might seek to reestablish its claim there by military coercion and that could lead them into a confrontation with the united states' desire to maintain free access. the best way of avoiding that military conflict is what we should see...